TikTok’s Fate Coming to a Head

TikTok’s Fate Coming to a Head
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This weekend could be pivotal for TikTok and its partners, who are working to avert a looming U.S. ban on downloads of the popular video-sharing app and see through a deal that meets the approval of the American and Chinese governments.

A week after that preliminary deal was struck, it is still hard to predict what happens next. TikTok and other participants are continuing to fine-tune the agreement, in which it would partner with

Oracle Corp.


Walmart Inc.

WMT 0.42%

to become a U.S.-based company with its data secured by Oracle. TikTok also is working in the U.S. courts to win an emergency order blocking a Commerce Department ban on app downloads—which, if the company fails, would take effect Sunday…

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